Blue Reef Group Inc. Acquires Retail Property On Arlington Expressway In Jacksonville For $23.1M
9200 Arlington Expressway, Jacksonville, Florida 32211, United States
$23,100,000
$105/SF
Building Size
220,000 SF
Asset Type
Retail
Closing
Jul 27, 2022
About this deal
AI
Blue Reef Group Inc., represented by Matthew Moyal of Blue Reef Group Inc., has acquired a retail property located at 9200-9398 Arlington Expressway in Jacksonville. The property spans across 17 acres and has a total square footage of 220,000. The sale was completed on July 28, 2022, for a total price of $23,100,000, resulting in a price per square foot of $105. The seller, Mishorim Gold, facilitated the transaction.
Summary of transaction details
- Property Type: Retail
- Transaction Amount: $23,100,000
- Address: 9200-9398 Arlington Expressway
- Market: Jacksonville
- Total Acres: 17
- Buyer: Blue Reef Group Inc. - Matthew Moyal
- Seller: Mishorim Gold
- Lender: Standard Insurance Co
- Square Footage: 220,000
- Price per Square Foot: $105
The deal was financed by Standard Insurance Co. and Matthew Moyal of Blue Reef Group Inc. represented the buyer, Blue Reef Group Inc., in the transaction.
On the Map
$23,100,000
$105/SF
Retail
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Players
Jacksonville Retail Market Snapshot
Boundary boundary · Retail · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.69%
Cash-on-Cash
-0.20%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93